The Fair Share Report
71 Grenada St
Berkeley, NJ 07726
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $244,740 – $311,478, from 12 comparable Berkeley sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Berkeley assessments sit below market value — republished every October, applied town-wide. A $256,631 home should be assessed near $135,886.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,786 below what the ratio math suggests (27.8%).
Step 4 · The tax rate — same for every Berkeley home
$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%
Step 5 · The bill
This home vs. every recent Berkeley sale · assessed ÷ market
26%68%
Keep quiet and enjoy it
This home's assessment ratio sits below the Berkeley pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 53 BARBADOS DR SOUTH | 2026-01 | $237,500 | 1,092 | 45.8% |
| 1101 WATERBERRY CT SOUTH | 2025-10 | $309,900 | 1,105 | 37.4% |
| 6 STANFORD DR | 2026-02 | $220,000 | 1,091 | 48.5% |
| 14 SUTHERLAND CT | 2025-01 | $300,000 | 1,088 | 52.3% |
| 11 MARGARITA ST | 2026-04 | $285,000 | 1,092 | 35.8% |
| 455 ST THOMAS DR | 2025-08 | $250,000 | 1,092 | 46.4% |
| 7 NORWICH DR | 2025-01 | $259,900 | 1,113 | 40.3% |
| 29 SHERWOOD LN | 2026-02 | $248,000 | 1,083 | 40.5% |
| 1111 WATERBERRY CT SOUTH | 2026-02 | $299,000 | 1,083 | 35.9% |
| 1 YORK CT | 2025-12 | $270,000 | 1,083 | 37.7% |
| 97 FT DE FRANCE AVE | 2025-10 | $305,000 | 1,124 | 53.2% |
| 51 BARBADOS DR SOUTH | 2025-05 | $260,000 | 1,124 | 53.2% |
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